The Wall Street Crash of 1929

No event in American financial history is more infamous than the Wall Street Crash of 1929 or the Black Tuesday, when the stock market crashed and ushered in a depression that would grip the United States for the next decade. What caused this event and what can we learn from it?

The stock market crash that most people associate with Black Tuesday, was actually a multi-day process. The previous Thursday, the market began its downward slide, with trading setting an all time record with 13 million shares trading hands that day. The Dow had reached an all-time high just a month earlier in September of 1929 with a close of 381.17. A group of bankers met during that Thursday to try to figure out how to stop the slide and they decided to take the same tact that worked to stop the last market panic in 1907. They began to buy massive amounts of blue chip stock to try to reassure investors that the market was holding steady and that they shouldn’t sell everything they had and make matters worse. Continue reading The Wall Street Crash of 1929

Boston, MA Zip Codes

Location: Boston, MA
Zip Codes: ‘02101’, ‘02102’, ‘02103’, ‘02104’, ‘02105’, ‘02106’, ‘02107’, ‘02108’, ‘02109’, ‘02110’, ‘02111’, ‘02112’, ‘02113’, ‘02114’, ‘02115’, ‘02116’, ‘02117’, ‘02118’, ‘02119’, ‘02120’, ‘02121’, ‘02122’, ‘02123’, ‘02124’, ‘02125’, ‘02127’, ‘02128’, ‘02133’, ‘02163’, ‘02196’, ‘02199’, ‘02201’, ‘02202’, ‘02203’, ‘02204’, ‘02205’, ‘02206’, ‘02207’, ‘02208’, ‘02209’, ‘02210’, ‘02211’, ‘02212’, ‘02215’, ‘02216’, ‘02217’, ‘02222’, ‘02241’, ‘02266’, ‘02283’, ‘02284’, ‘02293’, ‘02295’, ‘02297’

Governor Determined to make California leader in Solar Energy

California Governor Arnold Schwarzenegger is determined to make California a leader in solar energy. With a US $ 3.2 Billion Dollar California Solar Initiative, the State of California would become the undisputed leader of solar energy in the United States. Faced with a growing population, limited energy sources and the occasional rolling blackout each summer season, the state really had no choice. With backing from Governor Schwarzenegger, the state has just implemented the biggest solar industry subsidy every undertaken by a state in an effort to address the rising energy demand.

On January 12, 2006, the California Public Utilities Commission voted 3 to 1 to adopt a plan to encourage the use of solar roof systems by residents through a 3.2 billion dollar rebate plan. Known as the California Solar Initiative, the goal is to convert as much as six percent of the peak energy demands in the state to solar platforms. Put in practical terms, the goal is place solar systems on roughly one million homes in the state, particularly new homes. Approximately 15,000 homes in the state now have solar systems for energy generation. Continue reading Governor Determined to make California leader in Solar Energy

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